Market Intelligence · MN / Minneapolis

Minneapolis, MN 55401 Housing Market

The typical home value in Minneapolis, MN 55401 is $291,449, down 3.7% over the past year as of 2026-08-01. The median list price is $327,450, and homes spend a median of 54 days on the market.

Updated August 2026Median value$291K

The median home value in Minneapolis, MN 55401 is $291K as of August 2026, down 3.7% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 55401 range

$268K to $315K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-3.7% over 12 months

Typical home value in 55401 over the last 12 months: $303K in Aug 2025 to $291K in Aug 2026 (-3.7%).

Aug 2025$303K

Aug 2026$291K

The numbers

What is the 55401 housing market like?

Typical home value

$291K

Down3.7%YoY

Median list price

$327K

Down3.7%MoM

Days on market

54

Up5.9%MoM

Homes for sale

133

Up8.1%MoM

Price cuts

18.8%

Up99.2%MoM

New listings

28

Down33.3%MoM

Sources · Zillow ZHVI (August 2026) / Realtor.com (August 2026) / FRED (September 2026)

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The comparison

How do 55401 home prices compare?

  • 55401$291,449
  • Minneapolis$344,241
  • Minnesota$300,428
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Minneapolis: 48 ZIPs; Minnesota: 716 ZIPs; United States: 26,265 ZIPs).

Context

The 55401 market has cooled over the past year, with the typical home value at $291,449, down 3.7%. Sellers are still listing well above that mark, at a median list price of $327,450. There are 133 homes for sale, with 28 new listings added as of 2026-08-01. Homes take a median of 54 days to sell, and 18.8% of listings have had a price cut. For a seller, this means pricing realistically from the start matters more than it did a year ago.

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